Engineering company Shriram EPC Ltd plans to diversify into the business of converting coal to fuel gas and is exploring opportunities to expand its wind and biogas power generation business in South-East Asia.
For coal gasification, the Chennai-based firm has an agreement with German company Envirotherm GmbH, which has technology to generate synthetic and fuel gas from solid feed material, among other capabilities.
Deal sizes for the conversion of coal to fuel gas would vary between Rs40-140 crore, depending on the scope of the project, while converting coal to synthetic fuel could be worth around Rs300-400 crore each.
Shriram EPC recently entered into an engineering, procurement and construction contract worth Rs40 crore with Jindal Steel and Power Ltd to supply producer gas through coal gasification.
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